Russian Trading System

Russian Trading System (Russian: Российская Торговая Система, German: Russian Trading System, abbreviated RTS) was a Russian stock exchange in Moscow. It was created on 5 July 1995, following the example of the American NASDAQ stock exchange. RTS was after the MICEX trading platform with the highest sales volume in Russia. The Exchange publishes the RTS index, which is internationally recognized as a benchmark for the Russian securities trading.

Since 19 December 2011 the new stock exchange MICEX - RTS has entered into service.

Overview

RTS is the trading platform with the second highest sales volume in Russia. While the Russian Trading System RTS done the quotations in U.S. dollars and the number of companies listed is higher, has the Moscow Interbank Currency Exchange MICEX ( Moscow Interbank Currency Exchange) on which the shares are quoted in rubles, about higher daily trading volume.

Initially created as a non-profit organization, located RTS is currently with the conversion to a corporation in the process of reorganization. RTS data are distributed by big international providers such as Thomson Reuters world. Trading hours are Monday to Friday from 10:30 bis 18:00 clock clock local time (between 8:30 bis 16:00 clock clock CET).

Much like the German Stock Exchange in Frankfurt am Main in Moscow RTS presents their system weak sales in foreign markets as a trading platform for payment available. So has cooperation agreements with the stock exchanges in Bulgaria, Armenia and Georgia.

History

Precursor the RTS was the International Securities Exchange MISE (Moscow International Stock Exchange), which was founded on 5 November 1990. The equity share of the total market turnover in 1992 was at the MISE at 0.3 percent, as the business is predominantly OTC ( over-the -counter, OTC) have been settled. In the same year created 21 other stock exchanges in Russia. After completion of the check or voucher privatization, which lasted from 1992 to 1994, the construction of a secondary stock market began. However, the number of exchanges disabled this development.

In 1994, the National Association of Securities Market Participants NAUFOR ( National Association of Securities Market Participants ) to end the fragmentation of the Russian stock exchanges. NAUFOR took over from the NASDAQ OTC electronic trading system. It was created on 5 July 1995, the " Russian Trading System" ( RTS). The stock market was in July 1997 as the first electronic trading system a (limited ) Commission license for securities trading FCSM ( Federal Commission on the Securities Market ). In 1998, the old trading system was replaced by a fully electronic self-production.

On 29 June 2011 the Russian Trading System RTS and the interbank currency market MICEX signed a legally binding merger agreement. Five RTS major shareholders ( Renaissance Capital, Aton Capital, Alfa-Bank, Troika Dialog and Da Vinci Capital) sold a total of 53.7 percent of the shares in MICEX. According to the Central Bank of the Russian Federation, the value of RTS 1.15 billion U.S. dollars, of MICEX 3.45 billion U.S. dollars, respectively. The purchase was made to 35 per cent in cash and 65 percent via a share swap.

RTS Indices

The RTS stock exchange calculated and published several stock indices.

• RTS Index (index symbol - RTSI )
• RTS Standard Index (index symbol - RTSSTD )
• RTS - 2 Index (index symbol - RTS2 )
• RTS Siberia Index (index symbol - RTSSIB )
• Sectoral indices

The RTS Index ( Russian Trading System Index, RTSI ) is an equity index comprising the 50 largest companies listed on the Russian Trading System, Moscow. The index was introduced on 1 September 1995 with a base value of 100 points. He is internationally regarded as a benchmark for the Russian securities trading. The RTS -2 is an index of small cap stocks. It contains medium -sized corporations with relatively low market value or low trading volumes.